{"data":{"id":"us-tx/tex.-business-organizations-code-21.216","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.216","heading":"LIABILITY REGARDING JOINT OWNERSHIP OF SHARES.","body":"A corporation that transfers shares or makes a distribution to a surviving joint owner under Section 21.214 before the corporation has received a written claim for the shares or distribution from another person is discharged from liability for the transfer or payment.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER E. SHAREHOLDER RIGHTS AND RESTRICTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.216","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"72140e90e7c59c89616d5d8ffe97a2ab75513ac6672e7e62a4c1ebe09d02acad","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.215","next":"us-tx/tex.-business-organizations-code-21.217"},"notice":"GroundRules: Original legal text. Not legal advice."}